Welcome in the year 2024 and a new look for the real estate market in Hampton Road and Northeastern North Carolina. Open business has picked up and we closed 23% more commission dollars in January 2024 versus last January 2023. Potential Closings for … [Read more...]
Hispanics’ Ready to Buy but Lending Experience Falls Short
TD Bank has announced results of its inaugural Mortgage Service Index, a nationwide consumer survey that included questions addressing the Hispanic home buying experience, attitudes toward obtaining a mortgage and Hispanic home owner’s outlook … [Read more...]
FHA’s Permanent MI Policy: Clever, but Still a Problem
When it was announced that the Federal Housing Administration would extend its mandatory monthly mortgage insurance premiums to a minimum of 10 years up to as long as the life of its 30-year loans depending on the size of the down payment, many … [Read more...]
How Difficult Is the Mortgage Process for Buyers?
TD Bank recently announced the results of their inaugural Mortgage Service Index. The index was designed to identify best practices and trouble areas in home financing and act as a service indicator for lending institutions. Below are some of the key … [Read more...]
Lending Standards: Are They Actually Loosening?
In a recent story on MSN Money titled, Mortgage Borrowing Is Getting Easier, it was revealed that: “Credit is not raining down on would-be borrowers, but it will be a bit more accessible this year.” The article bases it findings on the Federal … [Read more...]
Are Lending Standards Loosening?
Celia Chen, an economist for Moody’s Analytics, recently reported on her projections regarding mortgage standards throughout 2013. “The housing recovery began in earnest in 2012, despite constraints placed by a still-tight mortgage lending … [Read more...]
